Tag Archives: Arab luxury world

The third edition of Arab Luxury World, organised by Mediaquest, took place at The Westin Dubai Mina Seyahi on June 1 and 2. More than 30 panel discussions, presentations and private sessions provided an in-depth exploration of the latest ideas and trends in the luxury industry. Keynote Address, by the Co-CEO of Chalhoub Group, Patrick Chalhoub, spoke about the new challenges and realities of the GCC region’s luxury industry with a focus on travel, hospitality and retail sectors. ‘The New Normal’, which considered how the drop in tourist revenues in the GCC region has further pushed the need for regional expansion for many brands and retailers. Key agenda highlights included ‘GCC Outlook’, an analysis of oil prices, government budgets and subsequent effects on the luxury market; ‘Digital Strategy’, an analysis of the digital transformation and its impact on the premium goods and services and hospitality industry; ‘Luxury Brands and Programmatic: Redefining the Model’, which evaluated how pragmatic advertising has transformed the online ad-buying model; Air BnB  and ‘Fashion Trends’, which reflected upon emerging fashion and designer trends

Arab luxury world, a conference on the business of luxury in the MENA region is being held on June 1 and 2, 2016 in Dubai. The conference provides a platform for meaningful discussions, sharing ideas and networking with industry experts. The two-day conference by Mediaquest Corp, welcomed the who’s who of the regional luxury sector, from Watches and Jewelry, Fashion and Accessories, Perfumes and Cosmetics, Premium Cars, Tourism, and Art and Culture. The conference kicked off with the key note address by Patrick Chalhoub, Co-Chief Executive Officer, Chalhoub Group. He gave a clear insight to the luxury market in terms of tourism, hospitality, retail and other sectors. He stated that the region was transforming from abundance to an age of maturity, knowledge, seriousness and more rigorous governance. He reiterated that these are the times to better understand the underlying forces that are reshaping the luxury industry in the Middle East. There were several key macro-economic events in 2015 which had a strong impact on the luxury market. It entails the depreciation of the Russian rouble, break down of the Chinese stock market, Saudi stock market slows down by 50%and the oil price drop.